Verisign net loss grows to $53.4 million

Digital security company Verisign
VRSN, -0.55%
on Thursday reported a first-quarter net loss of $53.4 million, or 22 cents a share, up from $39.7 million, or 17 cents a share in the year-ago period. Revenue was $270 million, down from $328 million last year. On a pro forma basis, Verisign showed a profit of $43 million, or 18 cents a share. On a fully taxed basis and excluding items, Verisign's profit would have been 14 cents a share, and met the estimates of analysts surveyed by Thomson First Call.

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